Roe has been working in the oil business for more than 30 years, and judging by the recent activity of some of the larger oil drilling companies, Roe’s words might be true.

More than $600 million is expected to be spent in the San Juan Basin this year by three companies.

Earlier this year, LOGOS Resources announced plans to spend $100 million this year for oil production and WPX Energy announced plans to spend $160 million.

Meanwhile, Encana Corporation expects to invest between $300 to $350 million dollars this year, which is at three times as much as the $100 million the company invested last year, said Doug Hock, Encana spokesperson.

He added that increasing oil production in the San Juan Basin is a company priority.

“We’ve identified it as one of our key areas of focus this year,” he said.